WESTWOOD HOLDINGS GROUP, INC.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $1.5M | $782.0K | $1.8M | $3.7M | $1.0M | $477.0K | $-3.1M | $-1.2M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $86.0K | $101.0K | $125.0K | $119.0K | $125.0K | $132.0K | $138.0K | $138.0K |
| Amortization | $646.0K | $782.0K | $802.0K | $1.1M | $1.0M | $1.0M | $1.1M | $1.0M |
| Stock-Based Compensation | $1.3M | $1.3M | $1.2M | $1.3M | $1.3M | $1.3M | $1.2M | $1.4M |
| Net Cash from Operating Activities | $5.6M | $-2.6M | $8.0M | $8.5M | $7.3M | $-4.9M | $8.9M | $529.0K |
| Investing Activities | ||||||||
| Capital Expenditures | $534.0K | $246.0K | $4.0K | $76.0K | $0 | $6.0K | $75.0K | $10.0K |
| Business Acquisitions | — | — | — | — | — | — | $0 | $0 |
| Net Cash from Investing Activities | $-5.1M | $2.6M | $-1.1M | $-1.1M | $-37.0K | $-1.4M | $-3.1M | $-10.0K |
| Financing Activities | ||||||||
| Dividends Paid | $1.3M | $1.6M | $1.2M | $1.3M | $1.3M | $1.6M | $1.2M | $1.2M |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-1.3M | $-2.9M | $-2.2M | $-1.3M | $-1.3M | $-3.1M | $-9.8M | $-1.5M |
| Net Change in Cash | $-797.0K | $-2.8M | — | $6.2M | $6.0M | $-9.4M | $-3.9M | $-980.0K |
| Free Cash Flow | $5.1M | $-2.8M | $8.0M | $8.5M | $7.3M | $-4.9M | $8.8M | $519.0K |